Do You Need a Mortgage Adviser or Can You Go Direct to a Lender?

Buying a home is one of the biggest financial decisions you’ll ever make. And when it comes to securing a mortgage, you might be wondering: should you work with a mortgage adviser (broker) or go directly to a lender? Both options have their pro’s and con’s, but the right choice depends on your personal circumstances and how much support you want to receive throughout the process.

What Does a Mortgage Adviser Do?

A mortgage adviser, also known as a mortgage broker, acts as a middleperson between you and potential lenders. Their job is to help you find the most suitable mortgage deal based on your financial situation and goals. They do the legwork—comparing products, explaining terms, and deal with the lender though the application.

Mortgage Advice hut are “whole-of-market,” meaning they can access deals from a wide range of lenders. Other brokers may work with a limited panel or be tied to a specific lender. A brokers expertise can be invaluable, especially if your situation is less than straightforward and having more lenders to choose from will give you greater choice.

Mortgage advisers are particularly helpful for First time buyer, self-employed buyers, those with low deposits, or anyone with credit issues. They understand lender criteria and can help you present your case in the best possible light.

What Happens If You Go Direct to a Lender?

Going direct means you approach a bank or building society yourself. You’ll only have access to that lender’s products,  you will need to fit with that lenders criteria, and you’ll be responsible for navigating the application process on your own. While this can work well for buyers with simple financial situations, it does come with limitations.

Lenders will offer guidance, but it’s typically restricted to their own products. You won’t receive independent advice, and you may not be aware of better deals available elsewhere. If you’re confident in comparing rates and terms, going direct might save time—but it could cost more in the long run.

Pros and Cons of Each Option

Mortgage Adviser

Pros:

• Access to a wider range of products
• Expert advice tailored to your situation
• Help with complex cases (e.g. self-employed, low deposit, credit issues)
• Support throughout the process, including liaising with solicitors and estate agents
• May save you money over the long term

Cons:

• A broker fee may be payable
• You’ll need to share personal financial details with the broker

 

Direct to Lender

Pros:

• No broker fees
• Direct relationship with the lender

Cons:

• Limited product range
• No independent advice
• You could miss out on better deals elsewhere
• Less support with paperwork and follow-up

Additional Considerations

Time and Stress

Using a mortgage adviser can save you time and reduce stress. They’ll chase lenders, handle the paper work, and keep you updated—especially helpful if you’re juggling work, family, and house-hunting. Their support can be a lifeline during what is often a stressful process.

Long-Term Value

A broker might recommend a mortgage that saves you thousands over the term, even if the upfront rate isn’t the lowest. They look at the full picture, including fees, flexibility, and future-proofing. This kind of insight can be hard to come by when going direct.

Regulation and Protection

Mortgage advisers are regulated by the Financial Conduct Authority (FCA), which means they have a duty to recommend suitable products. If something goes wrong, you have more protection than if you go direct and make a poor choice. This added layer of security can offer peace of mind.

So, Which Should You Choose?

If your situation is straightforward and you’ve done your homework, going direct might work just fine. But if you want someone in your corner—especially if you’re a first-time buyer, self-employed, or unsure what’s best—a mortgage adviser can be a game-changer.

At Mortgage Advice Hut, we specialise in helping buyers navigate the mortgage maze with confidence. Whether you’re just starting out, ready to apply or you if you have been declined when you have gone direct to a lender, we’re here to help you find the right deal for your future.

Summary

Choosing between a mortgage adviser and going direct to a lender depends on your needs, experience, and financial situation. Mortgage Brokers offer broader access, tailored advice, and long-term value, while going direct may suit those with simple needs and strong confidence.

📩 Get in touch today to see how Mortgage Advice Hut can support your home-buying journey with expert guidance and personalised service

Your home my be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.